Economy and macroUpdated November 6

Trump plans to keep fundraising after GOP losses

MAGA Inc. spent more than $400 million on the midterms, but Republicans still lost control of Congress. Axios reports that Trump told advisers he plans to keep raising money for his political operation to preserve his clout. MAGA Inc. could be the vehicle, or he could use a new group. Party operatives told Axios the spending helped some Republicans in competitive seats survive. The fundraising plan could give Trump a way to influence elections in 2028 and beyond, and to pressure Republican lawmakers who break with him.

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Coverage started November 6